As the 2025-2026 financial year approaches, clients are hearing about Division 296—a proposed 15% tax on superannuation earnings over $3M. This blog explains the details, formulas, and worked examples to understand this new tax.
This year’s Federal Budget focuses on providing relief for those with children, homebuyers and social security recipients whilst maintaining pre-election commitments.
All Australians who are directors of a company, including a SMSF corporate trustee, are required to obtain and register a Director ID. Time is running out, so if you don’t know how to obtain yours, we hope we can help you.
Superannuation provides an excellent opportunity to live a comfortable retirement. In order to maximise this, it’s important you have a superannuation strategy which you implement before the end of the financial year.
Legislation has now passed for four initiatives from the 2021 Federal Budget, assisting Australians in building up their superannuation from the 1st July 2022. Find out more.
The popularity of SMSFs continues to grow. However, taking on the role of trustee means there are responsibilities you must act on. If you don’t, you risk your fund being non-compliant or may suffer terrible consequences for your estate.
From 1st July 2021,the current non-concessional and concessional superannuation contribution limits will be increased. This will also see the first increase to the Transfer Balance cap since its introduction in 2017.
The Federal Government has just handed down their 2021-2022 Budget. It’s all about spending, promoting economic growth and jobs in its fight against the pandemic.
We all want to make the most of our tax refunds. Here are some tips to get you thinking on how you can maximise this.
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